Proposed Collection; Comment Request for Multiple Internal Revenue Service (IRS) Information Collection Requests Related to the Annual Return/Report of Employee Benefit Plan and Payment of Pension Plan Excise Taxes, 60436-60437 [2022-21584]
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60436
Federal Register / Vol. 87, No. 192 / Wednesday, October 5, 2022 / Notices
Additional Sanctions Information - Subject to Secondary Sanctions; Organization
Established Date 06 Sep 2021; Identification Number IMO 6256316; Registration
Number 980285 (United Arab Emirates); Economic Register Number (CBLS) 11723718
(United Arab Emirates) [IRAN-EO13846] (Linked To: TRILIANCE
PETROCHEMICAL CO. LTD.).
Designated pursuant to section l(a)(iii)(A) ofE.O. 13846 for, on or after November 5,
2018, having materially assisted, sponsored, or provided financial, material, or
technological support for, or goods or services to or in support of, TRILIANCE
PETROCHEMICAL CO. LTD.
1. GAS ALLURE (3E2066) Chemical/Oil
Tanker Panama flag; Vessel Registration
Identification IMO 9142150; MMSI
352898800 (vessel) [IRAN–EO13846] (Linked
To: VIRGO MARINE).
Identified pursuant to E.O. 13846, as
property in which VIRGO MARINE, an entity
whose property and interest in property are
blocked pursuant to E.O. 13846, has an
interest.
Dated: September 29, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2022–21538 Filed 10–4–22; 8:45 am]
BILLING CODE 4810–AL–C
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Multiple Internal Revenue
Service (IRS) Information Collection
Requests Related to the Annual
Return/Report of Employee Benefit
Plan and Payment of Pension Plan
Excise Taxes
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), as part of its continuing effort to
reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
the Annual Return/Report of Employee
Benefit Plan.
DATES: Written comments should be
received on or before December 5, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
jspears on DSK121TN23PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
18:05 Oct 04, 2022
Jkt 259001
by email to pra.comments@irs.gov.
Include ‘‘OMB Number 1545–1610Annual Return/Report of Employee
Benefit Plan’’ in the subject line of the
message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to Martha R. Brinson, at
(202)317–5753, or at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION: Internal
Revenue Service (IRS)
Title: Annual Return/Report of
Employee Benefit Plan.
OMB Control Number: 1545–1610.
Form Number: 5500 and associated
Schedules, and 5558.
Abstract: The Annual Return/Report
of Employee Benefit Plan is an annual
information return filed by employee
benefit plans. The IRS uses this
information for a variety of matters,
including ascertainment whether a
qualified retirement plan appears to
conform to requirements under the
Internal Revenue Code or whether the
plan should be audited for compliance.
Form 5500–EZ is an annual return filed
by a one participant (owners/partners
and their spouses) retirement plan or a
foreign plan to satisfy certain annual
reporting and filing requirements
imposed by the Internal Revenue Code
(Code). Form 5558 will be used by the
IRS to grant extension request for filing
the 5500 series and the 8955–SSA
forms. The IRS uses this data to
determine if the plan appears to be
operating properly as required under the
Code or whether the plan should be
audited.
Current Actions: IRS is adding Form
5558 to the OMB approval for 1545–
1610. Additionally, IRS is making the
following revisions to the Forms 5558 to
allow for electronic filing with the
Department of Labor’s (DOL) ERISA
Filing Acceptance System (EFAST2).
PO 00000
Frm 00072
Fmt 4703
Sfmt 4703
Currently, Form 5558 is used by a
filer to request an extension of time to
file Form 5500 series, Form 8955–SSA
as well as the Form 5330, Return of
Excise Taxes Related to Employee
Benefit Plans. Form 5558 does not
extend the time to pay the excise taxes.
Any tax due for Form 5330 filers must
be paid with Form 5558 for the
application for an extension of time to
file Form 5330.
The DOL EFAST2 system will not
take the IRS tax payment. Thus, the IRS
will revise Form 5558 to remove the
items about the extension of time to file
Form 5330. This will allow DOL to
electronically collect the form. The
Form 5558 will be used to solely request
extensions on the Form 5500 series and
Form 8955–SSA. The payment
information from Form 5558 will be
incorporated into Form 8868. The Form
8868 will be revised to allow extensions
for Form 5330 and payment of excise
tax due. Form 8868 will only allow for
the extension to file, and will not extend
the payment of the excise tax. The
pension plan burden for the Form 8868
revision will be covered under 1545–
0575.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other for
profit organizations, individuals and
households, not-for profit institutions,
and farms.
Total Burden for 1545–1610
Estimated Total Number of
Responses: 1,472,304.
Estimated Total Annual Burden
Hours: 2,230,416.
Title: Return of Excise Taxes Related
to Employee Benefit Plans and
Application for Automatic Extension of
Time to File an Exempt Organization
Return.
OMB Control Number: 1545–0575.
Form Number: 5330 and 8868.
Abstract: Internal Revenue Code
sections 4965, 4971, 4972, 4973(a)(3),
4975, 4976, 4977, 4978, 4979, 4979A,
4980 and 4980F impose various excise
taxes in connection with employee
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Vessel
Federal Register / Vol. 87, No. 192 / Wednesday, October 5, 2022 / Notices
benefit plans. Form 5330 is used to
compute and collect these taxes.
Current Actions: The Form 8868 will
be revised to allow extensions for Form
5330—Return of Excise Taxes Related to
Employee Benefit Plans. Form 8868 will
only allow for the extension to file, and
will not extend the payment of the
excise tax.
The Form 8868 burden attributed to
pension plans will be captured under
OMB Control Number 1545–0575.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other for
profit organizations, individuals and
households, not-for profit institutions,
and farms.
jspears on DSK121TN23PROD with NOTICES
Total Burden for 1545–0575
Estimated Number of Responses:
9,403.
Estimated Total Annual Burden
Hours: 540,647.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. Comments
will be of public record. Comments are
invited on: (a) whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has practical utility; (b) the
accuracy of the agency’s estimate of the
burden of the collection of information;
(c) ways to enhance the quality, utility,
and clarity of the information to be
collected; (d) ways to minimize the
burden of the collection of information
on or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: September 28, 2022.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2022–21584 Filed 10–4–22; 8:45 am]
BILLING CODE 4830–01–P
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18:05 Oct 04, 2022
Jkt 259001
DEPARTMENT OF TREASURY
Internal Revenue Service
Appointment of Members of the Legal
Division to the Performance Review
Board, Internal Revenue Service
Under the authority granted to me as
Deputy Chief Counsel (Operations) of
the Internal Revenue Service by the
General Counsel of the Department of
the Treasury by General Counsel
Directive 15, pursuant to the Civil
Service Reform Act, I have appointed
the following persons to the Legal
Division Performance Review Board,
Internal Revenue Service Panel:
1. Drita Tonuzi, Deputy Chief Counsel
(Operations)
2. Robin Greenhouse, Division Counsel
(Large Business & International)
3. Helen M. Hubbard, Associate Chief
Counsel (Financial Institutions and
Products)
4. Mark L. Hulse, Division Counsel (Tax
Exempt and Government Entities,
DC)
5. Rachel Levy, Associate Chief Counsel
(Employee Benefits, Exempt
Organizations, and Employment
Taxes)
6. Thomas J. Travers, Associate Chief
Counsel (Finance and Management)
This publication is required by 5
U.S.C. 4314(c)(4).
William M. Paul,
Principal Deputy Chief Counsel/Deputy Chief
Counsel (Technical), Internal Revenue
Service.
[FR Doc. 2022–21531 Filed 10–4–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF TREASURY
Internal Revenue Service
Appointment of Members of the Legal
Division to the Performance Review
Board, Internal Revenue Service
Under the authority granted to me as
Deputy Chief Counsel (Operations) of
the Internal Revenue Service by the
General Counsel of the Department of
the Treasury by General Counsel
Directive 15, pursuant to the Civil
Service Reform Act, I have appointed
the following persons to the Legal
Division Performance Review Board,
Internal Revenue Service Panel:
1. Eric Nguyen, Deputy General
Counsel—Chair
2. Nikole C. Flax, Deputy
Commissioner, Large Business and
International (IRS)
3. Thomas C. West, Jr., Deputy Assistant
Secretary (Tax Policy)
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60437
Alternate: Edward T. Killen, Deputy
Division Commissioner, Tax
Exempt and Government Entities
(IRS)
This publication is required by 5
U.S.C. 4314(c)(4).
Drita Tonuzi,
Deputy Chief Counsel (Operations), Internal
Revenue Service.
[FR Doc. 2022–21533 Filed 10–4–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Bureau of
Engraving and Printing (BEP)
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before November 4, 2022 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
Copies of the submissions may be
obtained from Melody Braswell by
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Bureau of Engraving and Printing (BEP)
Title: Bureau of Engraving and
Printing Features of Interest Survey for
Banknote Equipment Manufacturers.
OMB Control Number: 1520–NEW.
Type of Review: Request for a new
OMB Control Number.
Description: The Bureau of Engraving
and Printing Feature of Interest Survey
for Banknote Equipment Manufacturers
(BEMs) is voluntarily completed by
BEM companies to inform BEP’s efforts
to develop features to be included in
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[Federal Register Volume 87, Number 192 (Wednesday, October 5, 2022)]
[Notices]
[Pages 60436-60437]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21584]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Multiple Internal
Revenue Service (IRS) Information Collection Requests Related to the
Annual Return/Report of Employee Benefit Plan and Payment of Pension
Plan Excise Taxes
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS), as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning the Annual Return/
Report of Employee Benefit Plan.
DATES: Written comments should be received on or before December 5,
2022 to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to [email protected]. Include ``OMB Number 1545-
1610-Annual Return/Report of Employee Benefit Plan'' in the subject
line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Martha R. Brinson, at
(202)317-5753, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS)
Title: Annual Return/Report of Employee Benefit Plan.
OMB Control Number: 1545-1610.
Form Number: 5500 and associated Schedules, and 5558.
Abstract: The Annual Return/Report of Employee Benefit Plan is an
annual information return filed by employee benefit plans. The IRS uses
this information for a variety of matters, including ascertainment
whether a qualified retirement plan appears to conform to requirements
under the Internal Revenue Code or whether the plan should be audited
for compliance. Form 5500-EZ is an annual return filed by a one
participant (owners/partners and their spouses) retirement plan or a
foreign plan to satisfy certain annual reporting and filing
requirements imposed by the Internal Revenue Code (Code). Form 5558
will be used by the IRS to grant extension request for filing the 5500
series and the 8955-SSA forms. The IRS uses this data to determine if
the plan appears to be operating properly as required under the Code or
whether the plan should be audited.
Current Actions: IRS is adding Form 5558 to the OMB approval for
1545-1610. Additionally, IRS is making the following revisions to the
Forms 5558 to allow for electronic filing with the Department of
Labor's (DOL) ERISA Filing Acceptance System (EFAST2).
Currently, Form 5558 is used by a filer to request an extension of
time to file Form 5500 series, Form 8955-SSA as well as the Form 5330,
Return of Excise Taxes Related to Employee Benefit Plans. Form 5558
does not extend the time to pay the excise taxes. Any tax due for Form
5330 filers must be paid with Form 5558 for the application for an
extension of time to file Form 5330.
The DOL EFAST2 system will not take the IRS tax payment. Thus, the
IRS will revise Form 5558 to remove the items about the extension of
time to file Form 5330. This will allow DOL to electronically collect
the form. The Form 5558 will be used to solely request extensions on
the Form 5500 series and Form 8955-SSA. The payment information from
Form 5558 will be incorporated into Form 8868. The Form 8868 will be
revised to allow extensions for Form 5330 and payment of excise tax
due. Form 8868 will only allow for the extension to file, and will not
extend the payment of the excise tax. The pension plan burden for the
Form 8868 revision will be covered under 1545-0575.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for profit organizations,
individuals and households, not-for profit institutions, and farms.
Total Burden for 1545-1610
Estimated Total Number of Responses: 1,472,304.
Estimated Total Annual Burden Hours: 2,230,416.
Title: Return of Excise Taxes Related to Employee Benefit Plans and
Application for Automatic Extension of Time to File an Exempt
Organization Return.
OMB Control Number: 1545-0575.
Form Number: 5330 and 8868.
Abstract: Internal Revenue Code sections 4965, 4971, 4972,
4973(a)(3), 4975, 4976, 4977, 4978, 4979, 4979A, 4980 and 4980F impose
various excise taxes in connection with employee
[[Page 60437]]
benefit plans. Form 5330 is used to compute and collect these taxes.
Current Actions: The Form 8868 will be revised to allow extensions
for Form 5330--Return of Excise Taxes Related to Employee Benefit
Plans. Form 8868 will only allow for the extension to file, and will
not extend the payment of the excise tax.
The Form 8868 burden attributed to pension plans will be captured
under OMB Control Number 1545-0575.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for profit organizations,
individuals and households, not-for profit institutions, and farms.
Total Burden for 1545-0575
Estimated Number of Responses: 9,403.
Estimated Total Annual Burden Hours: 540,647.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval.
Comments will be of public record. Comments are invited on: (a) whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information has
practical utility; (b) the accuracy of the agency's estimate of the
burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on or
other forms of information technology; and (e) estimates of capital or
start-up costs and costs of operation, maintenance, and purchase of
services to provide information.
Approved: September 28, 2022.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2022-21584 Filed 10-4-22; 8:45 am]
BILLING CODE 4830-01-P
